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18.07.2008 - Merkel calls for budget consolidation

German Chancellor Angela Merkel has called for a consolidation of federal and state spending in order to achieve a balanced budget. She was a guest speaker at the annual party conference of her coalition partner, the Christian Social Union or CSU, in Nuremberg. The speech is seen as a bid to fix a widening rift over tax policy between Merkel's ruling Christian Democratic Union or CDU, and the CSU.

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The two-day conference seeks to finalise a campaign stragegy for the upcoming elections in the state of Bavaria in September.   


(Deutsche Global Media Forum in Bonn wraps up second day ...
Merkel in Brazil for first stage of Latin-America tour ...
Czech minister threatens to leave coalition over reform steps ...
Welle)


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